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" ... in the absence of fraud in the transaction the judgment of the directors as to the value of the property purchased shall be conclusive... "
The Oklahoma Law Journal - Page 136
1907
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Laws of the State of New York, Volume 2

New York (State) - Session laws - 1954
...3. This act shall take effect immediately. * Words "and in the absence of fraud in the transaction the judgment of the directors as to the value of the property purchaRed shall be conclusive ;'' omitted. ( 'Entire sentence new matter substituted for words "; and...
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The Oklahoma Law Journal, Volume 6

Law - 1907
...site to the corporation, as agreed. The statute under which the corporation was organized provided that it might issue full paid stock in payment for...subscribers, was not liable to further assessment, although thecorpurauon became a baoKrupt. CORPORATIONS- Unpaid Stock Subscriptions — Right of Trustee in Bankruptcy....
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Accounting Lectures, 1911-14

Homer St. Clair Pace - 1913
...further payment under any of the provisions of this act ; and in the absence of fraud in the transaction the judgment of the directors as to the value of the property purchased shall be conclusive ; and in all statements and reports of the corporation, by law required to be published...
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The Tribune Almanac and Political Register

Horace Greeley, John Fitch Cleveland, F. J. Ottarson, Alexander Jacob Schem, Edward McPherson, Henry Eckford Rhoades - Almanacs, American - 1902
...further pnyment under any of the provisions of this act; and in the absence of fraud in the transaction the judgment of the. directors as to the value of the property purchased shall be conclusive; and in all statements and reports of the corporation, by law ro>quired to be published...
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Proceedings ..., Volume 23

New York State Bar Association - Bar associations - 1900
...of the value thereof, in payment therefor, and, in the absence of actual fraud in the transaction, the judgment of the directors, as to the value of the property purchased, shall be conclusive. The precise meaning of the words " the judgment of the board of directors, in...
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Minnesota Reports: Cases Argued and Determined in the Supreme ..., Volume 97

Minnesota. Supreme Court - Law reports, digests, etc - 1907
...should be fully paid up and nonassessable, and, in the absence of actual fraud in the transaction, the judgment of the directors as to the value of the property purchased shall be conclusive. The articles of incorporation made no provision for treasury stock. The minutes...
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Public Acts of the Legislature of the State of Michigan

Michigan - Law - 1917
...the liability imposed by section twenty-nine; and in the absence of actual fraud in the transaction, the judgment of the directors as to the value of the property shall be conclusive. And in addition to the powers hereinbefore enumerated, every corporation organized...
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The Brief: A Quarterly Magazine of the Law, Volume 3

Greek letter societies - 1901
...practically be issued for property, without so marking it, both in New York and New Jersey, but in New Jersey the judgment of the directors as to the value of the property is conclusive in the absence of actual fraud. In New York, no corporation may issue either stock or...
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